TrustRadius Insights
Drooms has proven to be an effective solution for various data management needs. Users have praised the tool for maintaining the …
Starting at $12.90 per month
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What is Drooms?
Drooms is a provider of virtual data rooms that offers secure and efficient solutions for document storage, analysis, due diligence, fundraising, and asset lifecycle management. It caters to businesses of all sizes, ranging from small startups to large multinational corporations. Professionals and industries...
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Basic
$12.90
Cloud
per month
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Tech Details
What is Drooms?
Drooms is a provider of virtual data rooms that offers secure and efficient solutions for document storage, analysis, due diligence, fundraising, and asset lifecycle management. It caters to businesses of all sizes, ranging from small startups to large multinational corporations. Professionals and industries such as real estate, investment banking, legal services, private equity, M&A advisory, fund management, venture capital, and financial advising rely on Drooms for secure document sharing and collaboration.
Key Features
Lifecycle Management: Streamline asset documentation in your organization with centralized storage, customizable folder structures, version control, and an audit trail.
Document Analysis: Extract valuable insights from your documents using intelligent search, advanced indexing, categorization, and automated redaction.
Digitization: Digitalize the document review process by securely uploading and sharing documents, collaborating with annotation and commenting features, and receiving real-time notifications and alerts.
Fundraising: Efficiently manage fund documents and conduct fundraising with secure storage, streamlined document management for investor due diligence, and the ability to track investor engagement.
Due Diligence: Conduct proper due diligence for M&A deals by securely sharing confidential documents, utilizing Q&A functionality for efficient communication, and accessing real-time document translation for global deal-making.
Granular Permissions: Set user permissions at the document level, controlling access for editing, viewing, printing, and saving specific documents.
Branding: Personalize your projects with your company branding, creating a professional and customized appearance.
Two-Factor Authentication: Enhance security with two-factor authentication, requiring users to enter a security code sent via SMS.
Document Viewer: Easily browse and view all documents in real-time within the data room, facilitating seamless navigation.
Live Reporting: Track user actions, monitor document engagement, and export data for analysis with comprehensive reporting capabilities.
Drooms Features
- Supported: Access Controls/Permissions
- Supported: Collaboration Tools
- Supported: Data Security
- Supported: Data Storage Management
- Supported: Document Classification
- Supported: Secure File Viewer
- Supported: Activity Tracking
- Supported: Alerts/Notifications
- Supported: Archiving & Retention
- Supported: Commenting/Notes
- Supported: Data Import/Export
- Supported: Document Storage
- Supported: Drag & Drop
- Supported: File Sharing
- Supported: Full Text Search
- Supported: Optical Character Recognition
- Supported: SSL Security
- Supported: Search/Filter
- Supported: Secure Data Storage
- Supported: Workflow Management
- Supported: Document Management
- Supported: Encryption
- Supported: Mobile Access
Drooms Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Mac, Web-Based, iPhone, iPad |
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Drooms has proven to be an effective solution for various data management needs. Users have praised the tool for maintaining the confidentiality of their data through strict access controls, ensuring that only authorized members can view and interact with sensitive information. With its encryption capabilities, Drooms also simplifies data sharing with customers and suppliers, making it easy to collaborate securely. Users have found the platform to be particularly useful for due diligence projects, as it offers a clear and intuitive interface that facilitates efficient navigation and provides assistance from project managers when needed. Additionally, Drooms serves as a reliable archive, allowing documents to be stored for a minimum of six months, satisfying data storage requirements.
The product's technical quality has been highly regarded by users who have commended its reliability with no downtime and quick implementation time. Moreover, Drooms is known for its excellent customer service, with customer support representatives receiving praise for their friendliness and prompt assistance. While some users have mentioned that the online environment could be more visually appealing, they have found the overall experience with Drooms to be fast, easy-to-use, and backed by a helpful staff. Users appreciate the accessibility of statistics and the elimination of physical copies and binders that were previously associated with paper data rooms. Overall, Drooms is recommended as a reliable partner that offers top-notch security and support at a reasonable rate.
Easy to use and navigate: Multiple users have found the Drooms software to be very intuitive and easy to navigate, making it simple for them to use. They appreciate the straightforward settings which contribute to the overall ease of use.
Multi-language document translation: The ability of Drooms software to translate documents in multiple languages, including English, Spanish, German, French, and Italian has been highly valued by several reviewers. This feature provides convenience and flexibility for users who work with international partners or clients.
Efficient customer support: Many users have praised the quick and reliable customer support provided by Drooms. They have found the support service to be efficient, friendly, and helpful whenever they require assistance.
Freezing Issues: Some users have experienced occasional freezing while using Drooms, although it is possible that this may be due to their internet connection.
Non-User Friendly Interface: Several reviewers have mentioned that they found the interface of Drooms to be non-user friendly and felt that some training is required in order to understand it properly.
Ineffective File Searching: Certain file extensions do not work effectively with the file searching feature in Drooms, according to some users. They have expressed frustration with the limited functionality when trying to search for specific files.